| Pos | Team | Pld | Pts | GD | Home | Away | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| W | D | L | F | A | W | D | L | F | A | |||||||
| 1 | Stenhousemuir | 20 | 44 | 8 | 0 | 1 | 27 | 6 | 6 | 2 | 3 | 18 | 14 | |||
| 2 | 20 | 38 | 5 | 2 | 2 | 15 | 8 | 6 | 3 | 2 | 16 | 10 | ||||
| 3 | Cowdenbeath | 19 | 37 | 6 | 1 | 2 | 20 | 10 | 6 | 0 | 4 | 14 | 6 | |||
| 4 | Queen's Park | 19 | 31 | 5 | 2 | 4 | 18 | 14 | 4 | 2 | 2 | 12 | 6 | |||
| 5 | East Fife | 21 | 29 | 6 | 2 | 3 | 16 | 15 | 3 | 0 | 7 | 12 | 21 | |||
| 6 | Arbroath | 19 | 25 | 6 | 1 | 2 | 21 | 11 | 1 | 3 | 6 | 9 | 19 | |||
| 7 | Albion Rovers | 19 | 21 | 2 | 3 | 5 | 13 | 20 | 3 | 3 | 3 | 12 | 13 | |||
| 8 | Elgin City | 20 | 21 | 2 | 5 | 4 | 13 | 16 | 3 | 1 | 5 | 9 | 15 | |||
| 9 | Montrose | 21 | 20 | 4 | 1 | 5 | 9 | 9 | 1 | 4 | 6 | 11 | 18 | |||
| 10 | 20 | 12 | 3 | 2 | 5 | 10 | 14 | 0 | 1 | 9 | 10 | 40 | ||||